The Round Rock ISD Board of Trustees Tuesday night (February 25) unanimously called for a bond election to be held May 10, 2014.
Voters will be asked to consider a bond package totaling $299 million that address growth, health/safety, technology and capital renewal and replacement projects.
The bond package will include the building of an elementary and middle school, the continuation of Phase 3B at Round Rock High School and Phase 3 at Westwood High School, development of master plans for McNeil High and C.D. Fulkes Middle schools, expansion and refresh of technology, as well as a series of renovation projects.
Three propositions will appear on the ballot:
- Proposition 1 – $234.2 million to address growth, health/safety, capital renewal and replacement, and technology refresh
- Proposition 2 – $25.9 million to expand technology access and additional capital renewal and replacement
- Proposition 3 – $38.9 million to build two fine arts venues
After a comprehensive study of district facilities and third party growth projections, the Round Rock ISD Citizens Bond Committee (CBC) recommended on February 12, that the Board ask voters to consider a bond package that addresses overcrowding and facility needs.
The average value home in Round Rock ISD is valued at approximately $200,264 after homestead exemption.The three propositions will cost the average homeowner an additional $3.55 per month. The district’s debt tax rate has fluctuated between $0.296 and $0.3722 over the past 10 years, with the current tax rate of $0.3275 per $100 in assessed value home. The projected tax rate for the 2014-2015 tax year is approximately $0.3487.
The most recent bond election voters approved for the district was held November of 2008. Voters approved two propositions totaling $293.9 million. Projects included an opening of three elementary schools and various renovation and technology needs.
